VANCOUVER, BC, Aug. 17,
2022 /CNW/ - Reconnaissance Energy Africa Ltd. (the
"Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF)
(Frankfurt: 0XD) announces that it
has received a three year extension to its Environmental Clearance
Certificate (the "ECC"), from the Office of the Environmental
Commissioner, Ministry of Environment, Forestry and Tourism of the
Republic of Namibia, covering the
entire PEL 73 permit, which covers over 6.3 million acres (25,000
km2), in northeast Namibia.
The ECC authorizes ReconAfrica, to continue drilling
stratigraphic test wells, to depths, approved by Ministry of Mines
and Energy and NAMCOR as well as completing a sidetrack of the
Company's first well, Kawe 6-2, in the Kavango Basin. The extended
ECC is valid for three years from August 26,
2022 until August 26,
2025. The ECC extension was approved on August 11, 2022.
Scot Evans, Chief Executive
Office of ReconAfrica stated:
"The extension of the Environmental Clearance Certificate was
underpinned by extensive on-the-ground and research based data
gathering by our technical teams working in combination with our
third-party technical partners. The extension further demonstrates
how ReconAfrica is working collaboratively with our interested and
impacted stakeholders in Namibia
including local and national government entities/representatives,
as well as with the Traditional Authorities, as we pursue the
commercial development of the Kavango Basin. The extension enables
the Company to plan and execute our current stratigraphic drilling
and sidetrack programs."
About ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the
opening of the newly discovered deep Kavango Sedimentary Basin, in
the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum
licences comprising approximately 8.5 million contiguous acres. In
all aspects of its operations,
ReconAfrica is committed to minimal disturbance of habitat, in line with best international
standards, and will implement environmental and social best practices
in all of its project areas.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in policies
of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this press release constitute
forward-looking information under applicable Canadian, United States and other applicable securities
laws, rules and regulations, including, without limitation,
statements with respect to the Company's commitment to minimal
disturbances in line with international best standards and its
implementation of environmental and social best practices in all of
its project areas. These statements relate to future events or
future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on ReconAfrica's current belief or
assumptions as to the outcome and timing of such future events.
There can be no assurance that such statements will prove to be
accurate, as the Company's actual results and future events could
differ materially from those anticipated in these forward-looking
statements as a result of the factors discussed in the "Risk
Factors" section in the Company's amended and restated annual
information form dated May 19, 2021,
available under the Company's profile at www.sedar.com. Actual
future results may differ materially. Various assumptions or
factors are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based
on information currently available to ReconAfrica. The
forward-looking information contained in this release is made as of
the date hereof and ReconAfrica undertakes no obligation to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE Reconnaissance Energy Africa Ltd.